FFX 0.00% 20.0¢ firefinch limited

Ann: Additional High Grade Drill Results at Goulamina Deposit, page-132

  1. 1,308 Posts.
    lightbulb Created with Sketch. 158
    I guess it is how one sees this news. Another way to read this news?
    My thoughts.....

    Shandong made a play for BGS but had to come up with a $10 million AUD deposit to seal the deal.
    They couldn't and we are where we are.

    Now Shandong has mad a deal with the "neighbour" being Kodal.
    Difference is they only had to pay this time $800,000 AUD.

    Big difference when talking money.

    So this news to me really just highlights that Shandong made a play for the cheaper option.
    They could not "afford" BGS.

    Simply put and emotions aside, $10million deposit for BGS or $800K for Kodal.
    They invested in the shed on the acreage instead of the mansion.

    (Could be wrong though....it is late and Friday night )
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.